RegulatorySTANDBANKL
Brokers Asked to Suspend Margin Loans for STANDBANKL Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of STANDBANKL shares.
- Company
- Standard Islami Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors of the Company has accorded its approval for issuance of Standard Bank Coupon bearing non-convertible sub-ordinated debt for Tk. 400.00 crore for the period of 7 years with floating rate (at average fixed deposit rates of 6 months of Private Commercial Schedule Banks of equal credit rating plus 2% margin) under Tier-II Capital through private placement subject to the approval of the Regulatory Authorities and compliance of all formalities in this regard.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b000040061a45
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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